How much capital do you have available? And how much will you use for inventory?
The total amount of startup funds that either are or will be available to you.
The percentage of your overall startup capital you will allocate to inventory costs.
The amount from your startup capital you are budgeting for inventory costs.
A manageable range of forecasted monthly sales volume to use in product research tools.
A suggested figure for the 'from' field in revenue filters on product research tools.
A suggested figure for the 'to' field in revenue filters on product research tools.
Product-level metrics to consider during your research.
The number of days worth of inventory coverage you want to order. For a first order 90 days is recommended.
The average number of units sold by closely related competitors each month.
The maximum price you can pay per unit based on your budget and inventory requirements.
A low potential selling price, approximately 3x your COGS.
A high potential selling price, approximately 7x your COGS.